Tuesday, December 31, 2019

Human Trafficking Is The Modern Form Of Slavery - 1631 Words

Human trafficking is the modern form of slavery, with illegal smuggling and trading of people, for forced labor or sexual exploitation. Trafficking is officially defined as the recruitment, transportation, transfer, harboring, or receipt of persons by means of coercion, abduction, fraud, deception, or abuse of power of a position of vulnerability for the purpose of exploitation. (â€Å"dictionary.com†) Human trafficking is not equivalent with forced migration or smuggling. In the U.S., human trafficking tends to occur around international travel-hubs with large immigrant populations, such as California and Texas. The U.S. Justice Department estimates that 17,500 people are trafficked into the country every year, but the true figure could be†¦show more content†¦Victims are exploited by the service industries in restaurants, bars, strip clubs, nail salons, and similar businesses. You will find many victims on â€Å"adult services† internet sites. The commercial sex industry relies heavily on human trafficking victims. Prostitutes, strippers, escorts, and workers in massage parlors, brothels and for phone chat lines are often victims. Right now traffickers in many American cities are exploiting workers and sexually abusing women and girls. Some ways of spotting people who have been involved in human trafficking are very startling. Victims of human trafficking often live on or near their work premises, often with a large number of occupants in a small space. Bouncers, guards, guard dogs or barbed wire may be present. Many victims live in isolated areas. Victims lack of private space, personal possessions and financial records and are kept under surveillance or are escorted by an employer when they are out in the community. The trafficker may act as a translator. The victim may be branded or have other scarring indicating ownership. Victims are often malnourished and may show signs of rape, sexual and physical abuse, posttraumatic stress and poor psychological health. They also may have sexually transmitted diseases or other untreated medical problems. Brothels often contain barred windows, locked doors and electronic surveillance.

Monday, December 23, 2019

My Unexpected Experience - 1008 Words

My unexpected experience Last month was horrible. My Dad had gotten sick. My family and I thought it was nothing but the flu because when he gets it, it always hits him harder than us kids; he is usually laid up in bed for about a week. When the week passed and he was still severely sick, we knew something was really wrong. That same day we noticed he was spitting up blood, his fever wasn t breaking, and he could barely move. My sister Brittany and I tried to get him to go to the hospital but instead he just laid there and said, I m tired; I ll go in the morning. We made him promise he would go. But now I wish I would ve dragged him out of bed that night. The next morning my cousin and my little brother were getting†¦show more content†¦The second day he showed a little improvement: he went from a thirty percent to a thirty-five percent chance of living, which only got better every day. By the fourth day they couldn t put a percentage on it because he was doing way better, but he was still hooked to all the machines. By the sixth day they took him off life support and he could finally talk to us. That night we went home to sleep in our own beds. My dad stayed up there for another week and finally came home. God really watched out for us. Since that experience my way of thinking changed. Life can be taken from you in the matter of minutes. So I live life to the fullest every day. I try not to sweat the small things and ignore the drama. Before my dad was hospitalized I never went to church. Since he s been out I go every Sunday faithfully. Because I really believe God helped my family through this I know, I can really say this experience changed my life thank you to all friends and family who came to the hospital to help us through this event and thanks to god for letting himShow MoreRelatedEssay To My One Love1256 Words   |  6 Pages  Ã‚  Ã‚   Facing death at any age is difficult, but for Chimamanda Ngozi Adichie and John Sullivan, it came early, resulting in two essays r etelling their experience.   In their accounts of these situations, the author can see they both want to emphasise that death can come in very unexpected situations.   To My One Love, by Chimamanda Ngozi Adichie, begins on page 17 of 50 Essays by Samuel Cohen.   In her essay, set in present day, she has flashbacks to her relationship with a boy â€Å"from the wrong side ofRead MoreAnalysis OfTuft Of Flowers, And Home Burial970 Words   |  4 PagesDiscoveries can be sudden and unexpected inevitably leading to new perceptions of the world, new values and understandings of ourselves and others. 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Sunday, December 15, 2019

Hong Kong Media Good Free Essays

Although the rank of freedom of Hong Kong media is much higher than that of China, there are some exceptions to the general rule which states Hong Kong media are free whereas the mainland media are not free. On 6 June 12, a Attainment Square dissident, IL Wangling was found to commit suicide by hanging himself in the Human hospital without leaving any note. The suspect of Lie’s death evokes all Hong Kong media to report the news at length, and hence the reporter of South China Morning Post Alex Price ran a full story about Lie’s death. We will write a custom essay sample on ?Hong Kong Media Good or any similar topic only for you Order Now However, Wang Examining, the newly appointed editor-in-chief of SCAMP, reduced it into a brief Just before the issue of newspaper without informing him. Price wondered the reason and emailed Wang, but Wang didn’t give any reasonable response and said Price knows what to do if he doesn’t like this. It is believed that self-censorship was practiced because Wang is mainland born, and is a member of the Jill Provincial CAP. Beijing has influence on the issue, and hence it makes people suspect the neutrality of SCAMP. Another example to show Begging’s influence over the Hong Kong media is that a Shanghai column about the selection of Hong Kong Chief Executive was edited to totally different point of view from the columnist in order to show support to one of the candidates, Lung Chunk Yin, who regards as Pro-China candidate. The column was actually written by the columnist Luau You-sis whose column titled originally ‘Neither of them is the best candidate for the post of Chief Executive’ but then was changed to ‘Lung is better than Tong. The original conclusion of the column is, it is no worth to support both of them, the fight between them doesn’t help their rule of Hong Kong but worsen and this only makes people getting bad feeling on politics. However, it was edited to the version that, it is no worth to support Tong; Lung is the one who can do better so look forward to his future. Although Shanghai repost the original one next day, the explanation of doing such thing as was unacceptable. The last owner of Shanghai also has China background and hence it is believed that there is Begging’s influence to affect the freedom of media in Hong Kong. Comparing to Hong Kong, the situation in China may be worse that mainland media are mostly controlled by authority; however, some exceptions also exist and those costly happen on the media Internet. GHz Riffing, the founder of the website People’s Supervision which allows entities to expose the corruption of the authority, had uploaded a video of Lei Chemung, a Cocooning official, who was having sex with an 18-year-old lady and secretly recorded. The official then lost his Job due to the muck-raking. Although the website had been once blocked and was unable to be searched via mainland website Baud, GHz believes it was because the website had suffer pressure from Lei personal instead of from authority as KHz’s website is now operate normally and GHz is still fee. Despite of the exposure of the corruption of the authority, KHz’s website and his account on social media Webb still working normally and are not controlled by the authority. Another example is about Shah Habit, member of the Communist Party of China Committee of Lubing City’s Public Security Bureau, was accused of having amassed 192 houses in Hough and holding a false identity card by a local businessman Hung Junky. The documents about Chaos’s double IDs are also exposed on the Internet which evokes not only the citizens but also the authority to investigate the issue. Shah has been sacked after this exposure and the authorities had decided to investigate comprehensively the problems exposed on the Internet. Same as the former example, although it exposes the corruption of authorities, the media haven’t been control by authorities to cover the exposure. Overall, I think the freedom for media of both Hong Kong and mainland starts shifting. It is a good beginning for authorities to loosen the control on mainland media, but to Hong Kong media, over-practicing self- censorship only makes Hong Kong citizens revolted to mainland authorities. How to cite ?Hong Kong Media Good, Papers

Saturday, December 7, 2019

Financial analysis for Oatland & Wollongong-Samples for Students

Question: Discuss about the Financial analysis for Oatland Golf Club and Wollongong Golf Club. Answer: Introduction The report aims to do a financial analysis for Oatland Golf Club and Wollongong Golf Club. The important financial considerations for the discussion is able to include Current ratio, Quick ratio, Accounts receivable turnover, Number of days sales in receivables, Debt to Equity ratio, Number of times interest charges are earned and Return on Assets. Some of the other financial consideration is seen to include Return on Equity and Earnings per Share on common stock. Oatland Golf Club situated in suburb of Sydney, in the state of New South Wales, Australia is affluent with the organizing a rewarding game. The Golf course also takes several initiatives to support the basic elements of golf including, the correct grip and getting along with the on-course play. The main program of the compansy is seen to commence from Sunday 4th February 2018 till Sunday 25th March 2018. The golf course is also able to include 8-week programme (8 x 45-minute sessions) which considers various aspects of the game (Oatlands Golf Club, 2018). Wollongong Golf Club is situated between magnificent Illawarra Escarpment and beautiful Pacific Ocean. The golf club was established in 1897, a decade before electricity was introduced and club shares the honour for being one of the oldest in the country. The club offers wide range of selection of bars and function spaces. It offers AAA rated accommodation along with award winning service. The true link of the company enjoys a round to indulge in the unique experience which is offered in Wollongong. The interpretation of the ratio analysis is done mainly on three aspects, namely liquidity, solvency and profitability ratio. Under the liquidity ratio, ratios such as current ratio, quick ratio, asset receivable turnover ratio and number of days sales in receivables has been calculated. Under solvency ratio total liabilities to total assets, interest coverage and debt equity ratio is calculated. The profitability ratio has included the analysis of net margin percentage, redone on assets and return on equity (Wollongonggolfclub.com.au, 2018). Oatlands Golf Club 2014 2015 2016 RATIO ANALYSIS Liquidity Current Ratio % 49% 63% 51% Quick Ratio $0.4 0.579300351 0.422362672 Accounts Receivable Turnover (times) 0.92 -0.82 Number of days sales in receivables 6.74 6.53 6.47 Solvency Debt to Equity Ratio % 33% 36% 33% Interest Cover (times) 0.25 0.15 -0.15 Total Liabilities/Total Assets 25.0% 26.3% 24.7% Profitability Net Margin % 1.33% 1.78% -1.95% ROA % 0.6% 0.9% -1.0% ROE % 1% 1% -1% Ratio Analysis Current ratio The report has shown the computation of current ratio by dividing the current assets with current liabilities. The current ratio percentage of the company is discerned to be 49% in 2014, 63% in 2015 and 51% in 2016. This shows a reducing trend in the recent year for computation of current ratio. The decreasing nature of the current ratio shows that the company has considerable ability to pay short-term and long-term obligations (Andrijasevic Pasic, 2014). Quick ratio- The calculation of legal issues done by subtracting inventories from current assets and dividing it with current liabilities. The quick ratio is further depicted with a stagnant trend of 0.42 in 2014, 0.58 in 2015 and 0.42 in 2016. Short-term liquidity has not depicted any significant increase in performance in 2016. The decrease in the value of both quick ratio and current ratio is evident with the evaluation of the movement in the values of annual report which clearly shows that from 2014 to 2015 there was an increase in current assets by 40%, from 2015-16 the current assets got reduced by 20% (Evans Mathur, 2014). Accounts receivable turnover- This ratio has been used to measure the effectiveness of the firm in collecting debts and extending credit. Receivables turnover ratio has stated that in 2015, the company was able to efficiently utilize its assets and this is reflected with Accounts Receivable turnover ratio of 0.92 times. However, due to significant increase in the collection period in 2016, the ratio was discerned as -0.82. The calculation of receivables turnover ratio is done by dividing the net credit sales value by average accounts receivable. The main consideration of the calculation is done on annual basis (Lakshmi, Martin, Venkatesan, 2016). Number of days sales in receivables- The computation of DSR is seen with dividing the Accounts Receivable by average sales per day. The company has shown a decreasing and then increasing trend of number of days sales in receivable. This is evident with 6.74 days in 2014, 6.5 days in 2015 and 6.4 days in 2016. The decreasing trend of number of days since in receivables over time clearly shows that the company that the company is selling its product to customers on credit and taking significantly less time to collect money (Adedeji, 2014). Debt to Equity ratio- The depiction of debt-to equity ratio is seen to be done with diving the total long-term borrowings by total capital. A deeper understanding of the debt equity ratio for Oatlands Golf Club has able to show that the company has significantly able to reduce its debt equity ratio which is a positive sign. The lowering value of the debt equity ratio indicates that that there is a less relation of proportion of shareholders' equity and debt used to finance a company's assets. The lowering value of debt equity ratio is evident with 0.33 in 2014, 0.35 in 2015 and 0.32 in 2016 (Islam, 2014). Number of times interest charges are earned- The consideration for this ratio clearly shows how easily company is able to pay interest expenses on the outstanding debt. The consideration of Interest Cover (times) is seen with a decreasing trend. This is evident with 0.25 in 2014, 0.15 in 2015 and -0.15 in 2016. Due to a significantly low interest charges on in 2016, the golf club is burdened by debt expense over the time (Shah Jan, 2014). Return on Assets- Return on assets acts as the main indicator to illustrate the profit of the company in terms of total assets. In the given case, it is calculated by dividing the total earnings by total assets. Henceforth, it is not able to generate enough net income by total assets. As per the analysis of Oatlands Golf Course, the return on asset has first increased from 0.6% to 0.9% in 2015. However, the profit in terms of assets has reduced in 2016, which is evident with a return on asset ratio of -1% in 2016 (Grohmann, Kouwenberg, Menkhoff, 2015). Return on Equity- This is discerned as the amount of net income in terms of percentage of shareholders equity. ROE is discerned as corporations profitability by revealing based on the amount of profit company generates from the invested amount by the shareholders. The evaluation of this ratio is done by dividing net income by shareholders equity. Based on the given scenario Oatlands Golf Club has first depicted a stagnant and then a decreasing return on equity. This is evident with ROE of 1% in 2014 and 2015, followed with a decrease of 1% in 2016. The decreasing trend of ROA clearly suggests that company is not able to generate sufficient profit from the amount of investment made by the shareholder (Zainudin Hashim, 2016). Wollongong Golf Club Limited 2013 2014 2015 RATIO ANALYSIS Liquidity Current Ratio % 96% 88% 149% Quick Ratio 0.913886446 0.869131091 1.470018555 Accounts Receivable Turnover (times) -0.62 1.00 Number of days sales in receivables 7.65 7.53 6.86 Solvency Debt to Equity Ratio % 12% 9% 5% Interest Cover (times) -0.23 -0.39 0.20 Total Liabilities/Total Assets 101.9% 108.2% 69.8% Profitability Net Margin % -4.79% -2.88% 3.63% ROA % -15.9% -13.6% 20.4% ROE % -2% -1% 2% Ratio Analysis Current ratio Wollongong Golf Club Limited is comparatively in a much better position in terms of current ratio than Oatlands Golf Club. It has sufficient current assets such as cash, accounts receivables, inventories and prepaid expenses to bear the short-term and long-term obligations. This is seen to be evident with a current ratio of 0.96 and 2013, 0.88 and 2014 and 1.48 and 2015. The increasing trend of current ratio clearly suggests that Wollongong Golf Club Limited will be able to meet all short-term capital requirement (Raki?evi?, Miloevi?, Petrovi?, Radojevi?, 2016). Quick ratio- Similar to the current ratio, the quick ratio of the company is depicted with an increasing trend. This is evident with a quick ratio of 0.91 and 2013, 0.87 in 2014 and 1.47 in 2015. The increasing nature of the quick ratio shows that Wollongong Golf Club Limited is experiencing a solid top line growth thereby converting the receivables into cash to meet the financial obligations. Based on such increasing growth rate of acid test ratio can be said that the golf club has a faster inventory turnover and cash conversion cycles (Richardson, Lanis, Taylor, 2015). Accounts receivable turnover- The interpretations as per Accounts Receivable turnover is also increasing in nature. This is evident with Accounts Receivable of -0.62 in 2014 which increased to 1 in 2016. The linear growth in this ratio shows that the golf club is efficient enough in collecting debts and extending credit (Xu et al., 2014). Number of days sales in receivables-In this area also the company has made a significant improvement. Wollongong Golf Club, has reduced time taken to collect the money from customers after providing them the services on credit. The growth in Number of days sales in receivables is evident with 7.65 days in 2014 which further reduced down to 7.53 days in 2015 and 6 .86 days in 2016 (Omar, Koya, Sanusi, Shafie, 2014). Debt to Equity ratio- The debt equity ratio is expressed in terms of percentage and reducing trend of percentage over the years clearly states that the company is able to make a significant progress in reducing the reliance of shareholders' equity and debt for financing the assets of the company. In 2014, the debt-to-equity ratio of Wollongong Golf Club was 12%, which reduced to 9% in 2015 and 2016 it got reduced by 5%. This has been depicted with the reducing trend of long-term debt over the years, which is evident with long-term debt of $ 623972 in 2014, $ 327415 in 2015 and $ 40851 in 2016 (Normah et al., 2014). Number of times interest charges are earned- The time taken to pay the interest amount on the outstanding debt has been considered with the increasing trend. This is evident with interest coverage ratio of -0.23 in 2014, -0.39 in 2015 and 0.20 in 2016 (Adewuyi, 2016). Return on Assets- The illustrations as per this ratio clearly suggests that the company is able to generate enough net income in terms of total assets. The return on assets have increased from -15.9% in 2014 to -13.6% in 2015 and the significant rise in the growth was evident with 20.4% in 2016. This clearly shows that Wollongong Golf Club is in a stable position to generate income from the available assets (Hoberg Maksimovic, 2015). Return on Equity- The interpretations of this seen with corporations profitability by revealing based on the amount of profit company generates from the invested amount by the shareholders. The companys profitability based on the invested amount by the shareholders is depicted to increase from -2% in 2014, -1% in 2015 and 2% in 2016 (Schoenmaker Wierts, 2015). Conclusion The discussion on ratio analysis is able to suggest that Wollongong Golf Club is in a significantly better position despite of certain downtowns in 2014 and 2015. However, the improvement in areas such as cash and cash equivalents, reduced short-term borrowing and current maturities have significantly contributed to a better current ratio, quick ratio, accounts receivables ratio and number of days sales in receivables in 2016. The interpretations as per solvency ratio has also shown that the companys debt to equity ratio is in a significantly better position over the years. Henceforth, despite of certain downtowns in 2014 and 2015, it has been able to recover its position by improving on overall financial management. The significant improvement is seen with reducing the overall operating expenses over the years. Oatlands Golf Club on the other hand, has been considered with the improving trend in 2014 and 2015 and a reducing trend in 2016. The lowering value of the debt equity ratio indicates that that there is a less relation of proportion of shareholders' equity and debt used to finance a company's assets. The lowering value of debt equity ratio is evident with 0.33 in 2014, 0.35 in 2015 and 0.32 in 2016. In addition to this, Oatlands Golf Club is not able to generate enough net income by total assets. As per the analysis of Oatlands Golf Course, the return on asset has first increased from 0.6% to 0.9% in 2015. However, the profit in terms of assets has reduced in 2016, which is evident with a return on asset ratio of -1% in 2016. Wollongong Golf Club has sufficient current assets such as cash, accounts receivables, inventories and prepaid expenses to bear the short-term and long-term obligations. This is seen to be evident with a current ratio of 0.96 and 2013, 0.88 and 2014 and 1.48 and 2015. The increasing trend of current ratio clearly suggests that Wollongong Golf Club Limited will be able to meet all short-term capital requirement. Moreover, the interp retations as per Accounts Receivable turnover is also increasing in nature. This is evident with Accounts Receivable of -0.62 in 2014 which increased to 1 in 2016. The linear growth in this ratio shows that the golf club is efficient enough in collecting debts and extending credit. The increasing nature of the quick ratio shows that Wollongong Golf Club Limited is experiencing a solid top line growth thereby converting the receivables into cash to meet the financial obligations. Based on such increasing growth rate of acid test ratio can be said that the golf club has a faster inventory turnover and cash conversion cycles. These evaluations clearly depict that Wollongong Golf Club is in a much better position than Oatlands Golf Club. References Adedeji, E. A. (2014). A Tool for Measuring Organization Performance using Ratio Analysis. Research Journal of Finance and Accounting, 5(19), 1622. Adewuyi, A. W. (2016). Ratio Analysis of Tesco Plc Financial Performance between 2010 and 2014 in Comparison to Both Sainsbury and Morrisons. Open Journal of Accounting, 5(July), 4556. https://doi.org/10.4236/ojacct.2016.53006 Andrijasevic, M., Pasic, V. (2014). a Blueprint of Ratio Analysis As Information Basis of Corporation Financial Management. Problems of Management in the 21st Century, 9(2), 117123. Retrieved from https://ezproxy.library.capella.edu/login?url=https://search.ebscohost.com/login.aspx?direct=truedb=bthAN=99552651site=ehost-livescope=site Evans, J. R., Mathur, A. (2014). Retailing and the period leading up to the Great Recession: a model and a 25-year financial ratio analysis of US retailing. International Review of Retail, Distribution and Consumer Research, 24(1), 3058. https://doi.org/10.1080/09593969.2013.801360 "Get Started" "Get Started Plus" - An introduction to the game of golf - Oatlands Golf Club. (2018). Oatlands Golf Club. Retrieved 13 February 2018, from https://www.oatlandsgolf.com.au/cms/golf/get-started-ogc/ Grohmann, A., Kouwenberg, R., Menkhoff, L. (2015). Childhood roots of financial literacy. Journal of Economic Psychology, 51, 114133. https://doi.org/10.1016/j.joep.2015.09.002 Hoberg, G., Maksimovic, V. (2015). Redefining financial constraints: A text-based analysis. In Review of Financial Studies (Vol. 28, pp. 13121352). https://doi.org/10.1093/rfs/hhu089 Islam, M. A. (2014). An Analysis of the Financial Performance of National Bank Limited Using Financial Ratio. Journal of Behavioural Economics, Finance, Entrepreneurship, Accounting and Transport, 2(5), 121129. https://doi.org/10.12691/jbe-2-5-3 Lakshmi, T. M., Martin, A., Venkatesan, V. P. (2016). A Genetic Bankrupt Ratio Analysis Tool Using a Genetic Algorithm to Identify Influencing Financial Ratios. IEEE Transactions on Evolutionary Computation, 20(1), 3851. https://doi.org/10.1109/TEVC.2015.2424313 Normah, O., Zuraidah, M. S., Amirah, J., Intan Salwani, M. (2014). Predicting financial stress and earning management using ratio analysis. Advances in Natural and Applied Sciences, 8(8), 183189. Retrieved from www.aensiweb.com/ANAS Omar, N., Koya, R. K., Sanusi, Z. M., Shafie, N. A. (2014). Financial Statement Fraud: A Case Examination Using Beneish Model and Ratio Analysis. International Journal of Trade, Economics and Finance, 5(2), 184186. https://doi.org/10.7763/IJTEF.2014.V5.367 Our History. (2018). Wollongonggolfclub.com.au. Retrieved 13 February 2018, from https://www.wollongonggolfclub.com.au/about-us/our-history Raki?evi?, A., Miloevi?, P., Petrovi?, B., Radojevi?, D. G. (2016). DuPont financial ratio analysis using logical aggregation. In Advances in Intelligent Systems and Computing (Vol. 357, pp. 727739). https://doi.org/10.1007/978-3-319-18416-6_57 Richardson, G., Lanis, R., Taylor, G. (2015). Financial distress, outside directors and corporate tax aggressiveness spanning the global financial crisis: An empirical analysis. Journal of Banking and Finance, 52, 112129. https://doi.org/10.1016/j.jbankfin.2014.11.013 Schoenmaker, D., Wierts, P. (2015). Regulating the financial cycle: An integrated approach with a leverage ratio. Economics Letters, 136, 7072. https://doi.org/10.1016/j.econlet.2015.08.020 Shah, S. Q., Jan, R. (2014). Analysis of Financial Performance of Private Banks in Pakistan. Procedia - Social and Behavioral Sciences, 109, 10211025. https://doi.org/10.1016/j.sbspro.2013.12.583 Xu, W., Xiao, Z., Dang, X., Yang, D. L., Yang, X. L. (2014). Financial ratio selection for business failure prediction using soft set theory. Knowledge-Based Systems, 63, 5967. https://doi.org/10.1016/j.knosys.2014.03.007 Zainudin, E. F., Hashim, H. A. (2016). Detecting fraudulent financial reporting using financial ratio. Journal of Financial Reporting and Accounting, 14(2), 266278. https://doi.org/10.1108/JFRA-05-2015-0053